North America

New Mexico SIC re-ups $100m with EIG

The $16.5bn system plans to commit around $450m to private equity in 2013.

The fear and greed pendulum

Buoyant equity markets have restrained the buying and selling of LP fund interests – but this may be just the time to sell.

Insight closes Fund VIII on $2.57bn

The New York-based firm surpassed its $2.4bn target and will invest up to 40% of the fund outside of the US.

Actis retools fundraise, head of IR to depart

Actis has cut the target and changed the structure of its fourth fund after spending almost two years in the market targeting a total of $3.5bn.

Ontario Teachers' HK office plans progress

The Canadian pension plan has received regulatory approval from the Hong Kong Securities and Futures Commission to operate in the special administrative region.

Signal Hill Equity Partners preps Fund III

The Toronto-based firm will likely target more than C$100m for its Fund III, which will invest in mid-market companies in Canada in a variety of industries.

Study: PE return multiples hit three-year low

Buyout firms got less bang for their bucks through asset sales last year, according to fresh research, as the rising share of secondaries continued to put pressure on asset valuations.

Report: CSRC to be top PE regulator

The China Securities Regulatory Commission is expected to be the top regulator for PE in China, according to reports, a move that would clarify regulatory authority for the industry.

Ares appoints ex-Blair adviser as Europe chief

Charles Steel, also a former Carlyle executive, will be heading the US firm’s private equity operations across the Atlantic.

Clearlake inks second deal this week

The US-based firm has taken private fashion retailer Bluefly, just days after it agreed to carve out an oil and gas-related service business from Archer Limited.